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HSBC Holdings has launched Hong Kong’s first blockchain-based settlement service. It has launched a tokenized deposit program that converts traditional bank deposits into digital tokens on a blockchain platform. The initiative marks a step forward for fintech development in the city. Around-the-clock transfers between HSBC Hong Kong wallets and real-time payments in US dollars and Hong Kong are made possible by the tokenized deposit infrastructure for corporate clients. According to Lewis Sun, HSBC’s global head of domestic and emerging payments, the service has the potential to reduce costs and processing times compared to traditional banking systems. “Tokenized deposits, when supported by regulated financial institutions, can offer a safe and fully compliant approach to improving payments and cash management for companies,” Sun stated . He added that Hong Kong’s position as an international financial center committed to digital money innovation makes this service a new benchmark for efficiency in corporate digital money solutions. Related: Hong Kong’s Stablecoin Bill Passed to Strengthen Virtual Asset Regulations Ant International, an affiliate of Alibaba Group Holding, became the first client to complete an instant fund transfer using the deposit tokenization technology. The successful transaction followed a pilot test between HSBC and Ant International on Ant’s blockchain-based Whale platform. Following the pilot program, HSBC adapted learnings from the joint innovation to develop its tokenized deposit service, according to Ant International’s separate announcement. Kelvin Li, Ant International’s general manager of platform technology, noted that tokenization serves as a link between blockchain technology and conventional banking. “Through industry public-private collaborations and by working with leading partners, we aim to unlock more transparent, accessible, and efficient treasury management solutions for businesses worldwide,” Li explained. HSBC’s tokenized deposit service operates as the first live initiative supported by the Hong Kong Monetary Authority’s (HKMA) Supervisory Incubator for Distributed Ledger Technology. The bank joined several financial institutions in completing proof-of-concept use cases under the HKMA’s program designed to foster tokenization market development.In August 2024, the HKMA unveiled a central bank digital currency testing regime. This permitted HSBC and five other participants to experiment with tokenized money for digital asset transactions. This initiative brought Hong Kong closer to implementing interbank settlements through blockchain technology. The regulatory framework provides a foundation for financial institutions to explore blockchain applications and also maintain compliance and security standards needed for traditional banking operations. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Anton Bukov, co-founder of 1inch, a decentralized exchange, has explained that operating procedures in DeFi are much cheaper than those that traditional banks use. During Dutch Blockchain Week in Amsterdam, Bukov explained that verifying documents and setting up accounts for a user at a traditional bank can cost $100-300. In comparison, online banks incur only $20-30 per user. Alternatively, using decentralized financial platforms is as easy as having a smartphone and an internet connection. According to Bukov, Defi can be used with little or no upfront cost. Since no equipment is involved and the system doesn’t require extended verification, transactions are convenient. Anyone who has internet can use it to send and receive payments easily. With its simplicity and low-cost structure, DeFi can serve more people than traditional banking because it can reach 1.4 billion unbanked people. Related: 1inch and Bruce Lee Family Collaborate to Promote Web3 and DeFi Onboarding traditional finance is expensive, which has prevented many from accessing it. Bukov said leaving the unbanked out of financial services makes sense as it does not offer better financial results. He noted that no one would invest such a large amount into them, knowing that he would never see those funds again. Unlike with traditional banks, where the barrier to entry is high, DeFi allows people with less access to finance to join the global economy. Bukov mentioned that DeFi will enable users to handle real-life financial transactions with stablecoins like Tether (USDT). This will make things accessible that were never possible for them before. He stated: “You can just get a phone, access to the internet, and you can exchange your chicken for USDT,” Bukov also pointed out that DeFi helps provide access to liquidity on a global scale. He believes cryptocurrency represents an independent economy, supported by billions of transactions carried out through decentralized systems. Liquidity in the financial sector makes it possible to try new strategies, channels for obtaining returns, and international businesses. He pointed out that those countries making it easier for investors to access global liquidity are likely to take advantage of new economic changes. He suggested that more involvement in crypto can be similar to international trade, pointing out that countries generally do better as they participate more in global trade. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Head of Pantera Capital Dan Morehead, in an interview, revealed that many crypto companies are preparing for public offerings. In the next few months, both Circle and Figure will prepare for their IPOs. This is a significant change for blockchain activity in the United States, as the rules surrounding the industry become friendlier rather than stricter. Morehead believes the change resulted from recent policy updates. The SEC’s decision to withdraw Staff Accounting Bulletin 121 is an example of this kind of change. New rules from the Office of the Comptroller of the Currency (OCC) now make it easier for banks to interact directly with blockchain. With these changes, new opportunities are becoming available in the sector. Investor interest in crypto-related companies on U.S. capital markets is on the rise. Companies like MicroStrategy serve as prime examples of this growing trend. The increasing attention toward blockchain investments signals sustained momentum, suggesting that this is more than just a temporary spike in interest. Related: Why Pantera Capital’s Picks Could Dominate the 2025 Market Pantera Capital’s CEO believes that there will be multiple crypto company IPOs in the upcoming 6 months. In his view, several companies had the chance to go public in the past, but current regulations make it much easier. This approach is expected to inspire other companies. Another important reason is the increase in real-world assets being used on blockchain. He pointed out projects under Pantera Capital, such as Ondo Finance and Figure. Figure has completed $40 billion in mortgage deals through blockchain, helping to decrease transaction friction by more than 100 basis points. This new approach makes blockchain even more attractive for established markets. Morehead stressed that clearer regulations would help lead to further progress. Uncertainty in the U.S. had caused some companies to look for alternatives outside the country. Because of their favorable policies, Singapore and the UAE started attracting more attention. The company is having meetings with representatives and regulators in Washington. Morehead pointed out that the firm attends industry think tank sessions. Such organizations ultimately recommend blockchain-related policies to the authorities. The firm’s involvement is key in ensuring that blockchain innovation continues to thrive within the United States, rather than shifting abroad. With increased blockchain development in the U.S., Morehead predicts that companies operating abroad may move their operations back to the U.S. This marks a change from earlier years when the U.S. made it hard for blockchain businesses to do business. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Hyperliquid’s HYPE token climbed over 15% in the last 24 hours, hitting a record price above $35. The surge followed Hyperliquid Labs’ announcement that it had submitted two detailed comment letters to the U.S. Commodity Futures Trading Commission (CFTC). These letters address the agency’s plans for new regulations covering perpetual derivatives and continuous, round-the-clock crypto trading. In their communications with the CFTC, Hyperliquid Labs proposed using decentralized finance (DeFi) as a basis for future regulations. The team explained that DeFi methods can help financial services reach the same efficiency and user safety levels found in traditional financial markets. Hyperliquid’s submission arrives when U.S. regulators seek input on how to govern derivatives products that operate around the clock. The CFTC has requested comments from the public on perpetual crypto trading. Hyperliquid Labs responded by presenting its protocol as a case study in how decentralized exchanges can meet, and even surpass, traditional benchmarks for security and transparency. The project runs on a high-performance blockchain and supports permissionless, 24/7 trading. Hyperliquid’s DeFi protocol has drawn interest from major crypto investors and traders. On-chain open interest in Hyperliquid perpetuals surpassed $9 billion for the first time this week. Famous whales like “ James Wynn ” and large-scale traders have placed billion-dollar positions on the platform. As a result of their activity, the spotlight has intensified on both the protocol and its native token. Related: Hayes on X Explains Why Hyperliquid’s Price Jump Matters Now Hyperliquid’s regulatory involvement occurs during a rise in trading volumes. The protocol relies on pre-funded collateral and does not use traditional banking systems. Its automated liquidation system allows margin requirements to be changed in real time to address a number of the CFTC’s risk management concerns. Focusing on these operational advantages, Hyperliquid Labs aims to prove that DeFi platforms can provide credible consumer protection. While making its submission, Hyperliquid argued that a principles-based regulation process should be implemented. Rather than assigning strict categories that could hinder innovation, focusing on risk profiles and actual consumer outcomes would benefit both market stability and growth. The HYPE token’s rally has also received support from high-profile industry figures. Arthur Hayes, the former CEO of BitMEX, disclosed a significant purchase of HYPE tokens at $14.60 and later called the project “Beast Mode” on social media. Hayes has predicted that HYPE could reach $100 soon. He described the protocol as a showcase for DeFi’s technical advantages. The strong institutional and social backing arrives as HYPE hits a new all-time high of $37.34, with growing optimism around Hyperliquid’s regulatory approach. According to on–chain data, traders are placing long and short bets, and recent liquidations underscore the volatility and volume of the platform. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

TokenFi launches regulatory-compliant RWA tokenization platform TokenFi, a tokenization project under the Floki ecosystem, has officially launched its highly anticipated RWA platform. The platform is designed to help companies more easily and efficiently bring physical and financial assets on-chain in a fully compliant manner. The new module went live on May 23, providing a code-free platform for companies to create and issue regulated, RWA-backed tokens. These tokens are built on the ERC-3643 standard, embedding compliance capabilities directly into the tokens themselves. The core of the platform is to bind token ownership to verified investor identities to ensure that only qualified investors can hold or trade tokens. The platform is compatible with all EVM blockchains and is suitable for the tokenization of assets such as equity, real estate, commodities and intellectual property. (Cointelegraph)